Page 15 - Food Inflation

World food prices rise for seventh month in a row in December: FAO

World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, according to Food and Agriculture Organisation of the United Nations.The FAO Food Price Index averaged 107.5 points in December, 2.2 per cent higher than in November. Over the whole of 2020, the benchmark index -- which tracks monthly changes in the international prices of commonly-traded food commodities -- averaged 97.9 points, a three-year high and a 3.1 per cent increase from 2019 although still more than 25 per cent below its historical 2011 peak.The FAO Cereal Price Index rose 1.1 per cent from November and for all of 2020 averaged 6.6 per cent above the level of 2019. Export prices for wheat, maize, sorghum and rice all rose in December, moving higher in part due to concerns over growing conditions and crop prospects in North and South America as well as the Russian Federation.On an annual basis, rice export prices were 8.6 per cent higher in 2020 than in 2019, while .

Food inflation in states with strong 'mandis' & those without: Status check

The following chart shows the average retail food and beverages inflation of Punjab and Haryana as compared with Bihar, where APMCs where made redundant few years back

November WPI inflation at nine-month high even as food prices moderate

Onion, which bore the brunt of rising inflation rate in recent months, saw deflation or fall in prices in November at 7.58%

Commodity picks: December 14 2020

The price is expected to trade lower at Rs 1,400 a quintal following ample wheat supplies

WPI inflation rises to 8-month high of 1.48% on pharma, metal prices

Food inflation eases but onion, potato and pulse prices firm up

Retail food inflation may remain high for a few months, say experts

Good harvest may not help, they say, as the rise in price is being fueled by commodities

How onions and pulses could wreck the Centre's food inflation arithmetic

Damage to standing crops due to extended rain, depletion of stocks at home and in global markets could spoil the calculations

Rising food inflation temporary affair; to be back to normal soon: DEA Secy

The Wholesale Price Index (WPI)-based inflation rose to 1.32 per cent in September 2020, mainly on the back of costlier food articles

Food prices push retail inflation to 8-month high of 7.34% in Sept

Inflation above RBI's comfort zone of 6% for six straight months, Q2 inflation slightly higher than MPC's projection, MPC may refrain from cutting rate in December policy too

New members give RBI's MPC dovish tilt; to hold rates on Oct 9: Analysts

Rising inflation, according to economists, is another cause for concern

Why the temporal distribution of 2020 monsoon season is highly skewed

The phenomenon has caused a lot of problems, such as the spurt in food prices and disruption in supplies due to breakdown in the already Covid-19-battered transport in the hinterland

Explained: Why inflation is so high in India and where it is headed

It isn't just protein diet and cereals that are becoming expensive despite bumper output the past few years; even personal care products and recreation have surprisingly become very costly

CPI-based inflation above MPC comfort range for fourth straight month

Official data released on Thursday showed that CPI for July rose 6.93 per cent year on year, up from 6.23 per cent in June

Retail inflation for industrial workers marginally eases to 5.06% in June

Food inflation stood at 5.49 per cent in June 2020 as against 5.88 per cent in the previous month and 5.47 per cent during the corresponding month a year ago

CPI-based inflation rose to 6.1% in June; food inflation eased to 7.9%

The National Statistical Office (NSO) released the headline CPI numbers after a gap of two months.

The end of food inflation?

Improving efficiency in producing and converting edible calories when demand weakens could throw new social challenges

Economy in Modi 2.0: A year best forgotten as things turn bad to worse

Even before the lockdown, the economy was on the downhill despite the Centre announcing huge corporation tax cuts

Retail inflation for farm, rural workers eases marginally in May

Inflation based on food index of CPI-AL and CPI-RL is at 10.40 per cent and 10.21 per cent, respectively in May 2020

Widening gap between wholesale and retail food inflation? Blame lockdown

Since March 2020, WPI food inflation rate continued to fall but the CPI-food inflation rose, signaling a breakdown in supply chain from the mandis to the final household

Food inflation crosses 9% in May, data on snacks and sweets held back

Statistics office also does not release retail headline inflation number